Low Income Apartments and Affordable Housing For Rent in Waukesha, WI

Discover affordable housing in Waukesha where there are 18+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

calendar_today Opened: Jul 1
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

calendar_today Opened: Mar 21
Open Until Further Notice

Reported On March 21st, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Waukesha, Wisconsin
$22.16/hour
$14.91 (+206%) more than Wisconsin minimum wage and $14.91 (+206%) more than the Federal minimum wage.
Learn More About Waukesha, Wisconsin Affordable Housing ↓

What HUD offices serve Waukesha, Wisconsin?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Family Self-Sufficiency, Section 8 Project-Based Voucher (PBV) programs for Waukesha, Wisconsin.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Waukesha, Wisconsin.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Waukesha, Wisconsin.

Go to the Wisconsin Public Housing and Low-Income Apartments Waiting Lists page for openings near Waukesha.

How many renters live in Waukesha, Wisconsin?

The City of Waukesha has 8,480 people living in 3,246 households.

There are 447 renters living in 228 renter households in this City. Renters make up 5.27 percent of the population living in Waukesha.

What is the rental market like in Waukesha, Wisconsin?

There are an estimated 3,265 housing units in the Waukesha area. Of these, 228 units are rental homes, making up 7 percent of the housing market. For every renter household in Waukesha, Wisconsin, there are 1 rental units.

What is the vacancy rate for rentals in Waukesha?

The rental vacancy rate in Waukesha is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Waukesha for each bedroom size?

Occupied Rental Units by Size in Waukesha
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 32 103 59 34
Occupied Rental Units by Size in Waukesha

A large number of apartments in Waukesha have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Waukesha are overburdened by housing costs?

Among renter households in this market, 43 percent have housing cost burden. Further, 28 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Waukesha

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $845 to $1,592. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $845
One BR $979
Two BR $1,170
Three BR $1,460
Four BR $1,592
2024 Fair Market Rents in Waukesha, Wisconsin

How many units are rented at Fair Market Rent (FMR) in Waukesha?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
One BR 27 84 percent
Two BR 40 39 percent
Rental Units Below FMR in Waukesha, Wisconsin

How many affordable rental units are in Waukesha?

Income Based Apartments in Waukesha, Wisconsin

Waukesha features 716 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Waukesha, Wisconsin

There are 433 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Waukesha.

Housing Choice Vouchers in Waukesha, Wisconsin

On average, Section 8 Housing Choice vouchers pay Waukesha landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Waukesha.

The maximum amount a voucher would pay on behalf of a low-income tenant in Waukesha, Wisconsin for a two-bedroom apartment is between $1,053 and $1,287.

Sourced from federal housing data and AffordableHousingOnline.com research.